Las Vegas Sands Corp (LVS)
UndervaluedFundamental
82
Price
$37.24
Market Cap
$25.12B
Part 1 · What the company is worth
Overview
Las Vegas Sands Corp., together with its subsidiaries, owns, develops, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, and The Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore. The company's integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. The company was founded in 1988 and is based in Las Vegas, Nevada.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 19, 2026 with claude-haiku-4-5 — shared with all users
Through Wynn Macau and Wynn Palace it is a named Macao concessionaire and targets the same high-end and premium-mass customers that Sands China courts in Cotai.
Named as a Macao concessionaire, Melco's City of Dreams and Studio City sit beside the Sands properties on Cotai and compete for the same gaming and hotel traffic.
The historic Macao monopoly holder, named in the 10-K, competes with Sands China across both the peninsula casinos and its Cotai property Grand Lisboa Palace.
Galaxy is named in the 10-K as one of the five other Macao concessionaires and is the closest rival to Sands China for mass-market gaming and integrated-resort visitors on the Cotai Strip.
Its Resorts World Sentosa is the only other licensed integrated resort in Singapore, so it competes head-to-head with Marina Bay Sands for the same gamblers, hotel guests and convention business until at least 2031.
Named as a Macao concessionaire, MGM China runs MGM Macau and MGM Cotai and competes for the same mass-market and premium visitors to Macao.
Balance Sheet & Liquidity
Revenue
$13.72B
Trailing 12 months (through 6/30/2026)
Net Income
$1.73B
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$1.86B
Total Equity
$1.59B
Total Liabilities
$19.99B
Current Ratio
1.00
Interest Coverage
3.78
Debt/EBITDA
3.56
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$77.01
Current Price
$37.24
Margin of Safety
+51.6%
Fair Value Range
$50.06 - $103.96
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
14.71
ROE
102.3%
P/B Ratio
42.15
P/FCF
9.06
Gross Margin
-
ROIC
14.9%
Profitability Radar
Value Creation (Economic Moat)
ROIC
14.9%
WACC
6.9%
ROIC − WACC
+8.1 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (19)
- EPS shows upward trend
- ROIC 14.9%
- P/FCF 9.06
- Operating Margin 21.5%
- Positive Free Cash Flow
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- DCF valuation (Undervalued)
- ROE 139.8%
- Revenue Growth 5Y 34.7%
- Analyst Consensus 72% Buy
- Earnings Surprise avg 9.2%
- Earnings Quality (OCF/NI) 2.16
- Share Dilution -6.2%
- Net Margin Trend 12.6% vs 12.2%
- Piotroski F-Score 7/9
Failed (5)
- Price CAGR -2.18%
- P/B Ratio 42.15
- Debt/Equity ratio
- CapEx intensity
- Price below Graham Number
Unavailable (3)
- Gross Margin NaN%
- Dividend Payout NaN%
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Patrick Dumont | Chairman, CEO, President & Treasurer | 50 |
| Mr. Randy A. Hyzak | Executive VP & CFO | 55 |
| Mr. D. Zachary Hudson J.D. | Executive VP, Global General Counsel & Secretary | 45 |
| Mr. Robert Glen Goldstein | Senior Advisor | 69 |
| Mr. Daniel J. Briggs | Senior Vice President of Investor Relations | - |
| Mr. Ronald Reese | Senior Vice President of Global Communications, Corporate Affairs & Public Relations | - |
Audit Risk
4
Board Risk
10
Compensation Risk
9
Shareholder Rights Risk
9
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-06
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-24
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-07-22
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for LVS, sourced from Markets Gazette.
- 4/23/2026NEGATIVELas Vegas Sands Stock Falls Despite Double Beat
Las Vegas Sands Corp. (LVS) reported first-quarter results that, despite exceeding analyst expectations for both earnings and revenue, led to a stock price decline. The company's ability to surpass consensus estimates suggests strong operational performance. However, the market's negative reaction indicates that other factors, potentially forward-looking guidance or macroeconomic concerns impacting the gaming and hospitality sector, may be weighing on investor sentiment. Investors should monitor future guidance and industry trends for a clearer picture of the stock's trajectory.
- 4/22/2026NEUTRALFull Transcript: Las Vegas Sands Q1 2026 Earnings Call
Las Vegas Sands Corp. held its Q1 2026 earnings call on April 22, 2026. The transcript indicates a discussion of the company's financial performance and strategic outlook for the first quarter of 2026. While the full details of the call are not provided, such events typically involve management providing updates on revenue, profit, operational performance, and future guidance. Investors and analysts use these calls to gauge the company's health and prospects. Without specific financial figures or forward-looking statements from the transcript, the impact on the stock remains neutral pending further analysis of the call's content.
via Markets Gazette